LICR FUND INC

EIN: 133573053 501(c)(3) Medical Research

NEW YORK, NY

Total Revenue
$34,011,187
Total Expenses
$76,939,694
Total Assets
$1,806,261,123
Net Assets
$1,800,527,101
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
DE
Principal Officer
XING CHEN
Phone
2124501500
Tax Period
2023-01-01 to 2023-12-31

LICR FUND INC, founded in 1990, is a mid-sized nonprofit in the Medical Research sector that reported $34.0M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $76.9M exceeded revenue, resulting in a 126% operating deficit.

Mission

LICR FUND, INC. IS A SUPPORTING ORGANIZATION OF THE LUDWIG INSTITUTE FOR CANCER RESEARCH LTD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $73,466
Program Service Revenue $0
Investment Income $33,937,721
Other Revenue $0
TOTAL REVENUE $34,011,187

Expense Breakdown

Grants Paid $69,000,000
Salaries & Benefits $255,000
Fundraising Expenses $0
Program Expenses $69,000,000
Other Expenses $7,684,694
TOTAL EXPENSES $76,939,694

Year-over-Year Comparison

2023 2022 Change
Revenue $34,011,187 $69,314,681 -0.5%
Expenses $76,939,694 $83,766,381 -0.1%
Net Income $-42,928,507 $-14,451,700 +2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$2,988,082
Total Directors
9
$2,679,709
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
XING CHEN PRESIDENT, CIO 39.0
Officer
$0 $161,265 $1,419,403
DR CHI VAN DANG DIRECTOR 2.0
Director
$0 $75,277 $1,126,580
EDWARD A MCDERMOTT JR DIRECTOR 2.0
Director
$0 $93,653 $1,045,460
AVANTIKA PATEL VICE PRESIDENT 40.0
Officer
$0 $148,103 $719,228
ALEXANDER BORISSOV SECRETARY 3.0
Officer
$0 $75,471 $347,419
CHRISTOPHER T CONROY TREASURER 28.0
Officer
$0 $105,570 $345,543
JOHN L NOTTER DIRECTOR, BOARD CHAIRPERSON 2.0
Officer Director
$75,000 $0 $156,489
JOHN D GORDAN III DIRECTOR 1.0
Director
$30,000 $0 $93,722
DR JEDD D WOLCHOK DIRECTOR 2.0
Director
$30,000 $0 $93,722
NICOLAS KILLEN DIRECTOR 2.0
Director
$30,000 $0 $40,934
JUDGE BARBARA S JONES DIRECTOR 2.0
Director
$30,000 $0 $40,934
DR NANCY ELLEN DAVIDSON DIRECTOR 2.0
Director
$30,000 $0 $40,934
ALEXANDRA JOHNSON DIRECTOR 2.0
Director
$30,000 $0 $40,934
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $34,011,187 $76,939,694 $1,806,261,123 $-42,928,507
2022 $69,314,681 $83,766,381 $1,719,889,219 $-14,451,700
2021 $149,523,718 $52,183,278 $2,137,247,231 $97,340,440
2020 $86,965,441 $65,784,291 $1,976,999,136 $21,181,150
2019 $88,046,820 $60,476,006 $1,582,070,691 $27,570,814
2018 $105,267,283 $47,852,732 $1,395,337,849 $57,414,551
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